Team/Role Overview
In Business Risk -Credit and Price Risk Execution (IBR) is looking for an individual with Counterparty Credit Risk Exposure Monitoring experience within initiatives designed to enhance credit risk controls. In this Officer role, the candidate will be part of Intraday Control Team (ICT) within the 1st Line of Defense Markets (1LoD). The team is mandated to establish and maintain a robust 1st Line of Defense by leading critical control remediation efforts and control processes.
The ICT is a global, business-aligned team established to provide intraday support to Markets Sales and Trading with the objective of preventing end-of-day credit limit breaches and proactively facilitating intraday pre-trade approvals and limit excess repair and minimizing disruption to client trading. ICT will help drive best practices and consistency by working with each business to develop a consistent approach to credit risk management, controls, and governance to drive targeted infrastructure and process enhancements.
In this role, the successful candidate will provide regional support as intraday coverage for this function expands and new technology enhancements are delivered to streamline intraday limit excess repair capabilities. The successful candidate will have a controls and counterparty credit risk background as well as experience in collaborating with Markets trading businesses, 2nd Line Credit Risk, and Operations/Technology.
What you'll do
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Monitor Intraday Counterparty Credit Exposures against limits. Investigate, validate and resolve credit excesses, coordinating with Markets Sales and Trading and Credit Risk Managers to either implement a solution to allow the customer to continue to trade within risk appetite or stop trading.
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Undertake time sensitive data quality investigations to remove barriers in trading caused by credit exposure data quality, or system process issues. This involves close coordination with Trading, Sales, Risk Management, Technology and Operations.
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Monitor the settlements exception queue for each Markets business trading location in the region. Investigate and advise Operations on how to proceed with settlement and where necessary, facilitate credit approvals to proceed. The process is very time sensitive and must meet cut-off times for payment processing.
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Work closely with portfolio risk managers and settlement operations to review and resolve settlement exposure breaches.
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Provide subject matter expertise in credit risk exposure monitoring, control and calculation in a Markets trading environment.
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Develop a high degree of technical and policy understanding with respect to credit limit and exposure processing.
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Perform credit excess analytics and produce ICT MI reporting various Counterparty Credit Risk Management Forums.
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Develop and maintain effective working relationships with colleagues across 1 and 2LoD.
What we'll need from you
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Bachelor’s/University degree in finance or related domain.
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1-3 years experience in credit risk management, measures and control functions.
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Knowledge of counterparty credit risk exposure and how it is calculated in a trading environment.
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Experience in a particular asset class or cross-asset derivative products and their corresponding risk profiles, counterparty credit risk process and settlement operation process.
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Experience in middle office, settlement operations or credit risk role is a plus.
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Experience in data quality investigations, tracking and resolution.
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Attention to detail working under pressure.
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Excellent oral and written communication with senior business partners and ability to provide timely information to these groups to make informed trading and credit risk decisions.
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Demonstrate integrity and exercise sound decision making and problem-solving skills especially when working with tight timelines in a high-volume environment.
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Proficient in MS Excel and PowerPoint
What We Offer
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Work in a challenging area of the financial industry with one of the world's leading companies, gaining exposure to a variety of products, processes, and controls.
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Cooperation with a high-quality, international, multicultural, and global team.
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Work in a friendly and diversified environment that appreciates differences in style and perspective, leveraging them to add value to decisions leading to organizational success.
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Management that supports balanced and agile work (flexible working hours, home office).
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Attractive benefits package (Benefit System, medical care, pension plan, etc.).
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A chance to make a difference through various affinity networks and charity initiatives.
**Job Family Group: **
Risk Management ------------------------------------------------------
Job Family:
Business Risk & Control ------------------------------------------------------
Time Type:
Full time ------------------------------------------------------
Primary Location Full Time Salary Range:
zł85,870.00 - zł135,730.00 ------------------------------------------------------
**Most Relevant Skills **
Credible Challenge, Data Analysis, Laws and Regulations, Management Reporting, Policy and Procedure, Referral and Escalation, Risk Controls and Monitors, Risk Identification and Assessment, Risk Remediation. ------------------------------------------------------
**Other Relevant Skills **
For complementary skills, please see above and/or contact the recruiter. ------------------------------------------------------
Automated Processing and AI
We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.
Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.
This job opening is for an existing job vacancy.
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
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